Black billionaire Magic Johnson's LAFC sells Grasshopper stake as Euro bet fails
Billionaires Africa | 03.07.2026 04:17
Los Angeles FC, the Major League Soccer club whose ownership group includes basketball legend and billionaire entrepreneur Magic Johnson, has sold its minority stake in Grasshopper Club Zurich, one of Switzerland's most historically significant football clubs, after the venture delivered disappointing results on and off the pitch.
